Mirchev slams 2026 budget as economic tsunami

Opposition politicians condemned the government’s 2026 spending plan as the most damaging financial blueprint since the 1990s economic crisis, vowing parliamentary resistance to proposals they described as attacks on entrepreneurs and working families.

Ivaylo Mirchev, who leads the Yes Bulgaria party alongside another co-chair, compared the draft budget to a destructive wave hitting the economy during remarks at his organization’s offices. Martin Dimitrov, a lawmaker representing the We Continue the Change-Democratic Bulgaria coalition, accused the leftist administration of targeting middle-income earners and commercial operations through deceptive tactics. He said authorities initially promised to avoid raising levies but are doubling dividend assessments from 5 percent to 10 percent while adding two percentage points to social insurance obligations.

Dimitrov blamed the GERB party for engineering the steepest expansion of fiscal burdens across two decades. He charged that governing parties are assembling a 5 billion leva reserve fund through the increased collections.